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B.C. Forest Product Exports – March 2016
Read more: B.C. Forest Product Exports – March 2016 Highlight of Exports YTD 2016 (March), compared to YTD 2015 (March): B.C. forest product exports totalled $3.46 billion, up 8.7% from $3.18 billion. Share of export value by market: U.S. (52.0%, up from 47.0%), China + Hong Kong (25.4%, down from 30.1%), Japan (8.5%, down from 9.0%) and other destinations (14.2%, up…
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B.C. Forest Product Exports – March 2016
Read more: B.C. Forest Product Exports – March 2016 Highlight of Exports YTD 2016 (March), compared to YTD 2015 (March): B.C. forest product exports totalled $3.46 billion, up 8.7% from $3.18 billion. Share of export value by market: U.S. (52.0%, up from 47.0%), China + Hong Kong (25.4%, down from 30.1%), Japan (8.5%, down from 9.0%) and other destinations (14.2%, up…
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Forestry Week 2016: Vancouver, BC
Read more: Forestry Week 2016: Vancouver, BCDemand for tissue and specialty paper globally offset that for printing and writing papers from 2004 to 2015, said the Pulp and Paper Products Council (PPPC), which represents North American newsprint producers, at the group’s annual meeting, this week in Vancouver, BC. Mixed prices and demand for commodities, as well as currency volatility continues to…
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Forestry Week 2016: Vancouver, BC
Read more: Forestry Week 2016: Vancouver, BCDemand for tissue and specialty paper globally offset that for printing and writing papers from 2004 to 2015, said the Pulp and Paper Products Council (PPPC), which represents North American newsprint producers, at the group’s annual meeting, this week in Vancouver, BC. Mixed prices and demand for commodities, as well as currency volatility continues to…
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Canadian Forest Companies Urge House of Commons
Read more: Canadian Forest Companies Urge House of CommonsOnce again Canadian lumber producers have pressed the federal government on the urgency of moving forward on the softwood lumber trade file, this time appearing before the House of Commons Standing Committee on International Trade in Ottawa Wednesday to voice their support for the Canadian Government’s continued efforts to reach a new softwood lumber agreement…
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CMD Construction Spending Forecast
Read more: CMD Construction Spending ForecastThis week was held another excellent conference call at CMD (formerly Reed Construction Data) on the near- to mid-term US Construction forecast. Analysts Kermit Baker and Ken Simonson, out of the American Institute of Architects and Associated General Contractors respectively, and Canadian Alex Carrick of CMD. CMD US Construction Spending Forecast As always starting with…
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US REO Inventory Down 23 per cent Y-o-Y: 1Q 2016
Read more: US REO Inventory Down 23 per cent Y-o-Y: 1Q 2016FANNIE MAE reported Thursday the number of Real Estate Owned inventory declined to 52,289 at the end of 1Q 2016, compared to 79,319 at the end of 1Q 2015. FREDDIE MAC reported the number of REO inventory declined to 15,409 at the end of Q1 2106 compared to 22,738 at the end of Q1 2015.…
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US REO Inventory Down 23 per cent Y-o-Y: 1Q 2016
Read more: US REO Inventory Down 23 per cent Y-o-Y: 1Q 2016FANNIE MAE reported Thursday the number of Real Estate Owned inventory declined to 52,289 at the end of 1Q 2016, compared to 79,319 at the end of 1Q 2015. FREDDIE MAC reported the number of REO inventory declined to 15,409 at the end of Q1 2106 compared to 22,738 at the end of Q1 2015.…
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More on FPAC “30 by 30” Challenge
Read more: More on FPAC “30 by 30” ChallengeAs announced in last week’s issue of your Reporter, the Forest Products Association of Canada this week revealed details of it’s “30 by 30 Climate Change Challenge”. New FPAC CEO Derek Nighbor explained at PwC Forestry Week Wednesday in Vancouver, BC, that its companies aim to remove 30 megatonnes (MT) a year of carbon dioxide…
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US Lumber Groups Support Timber Innovation Act
Read more: US Lumber Groups Support Timber Innovation ActThe American Wood Council (AWC), American Forest Foundation (AFF), Binational Softwood Lumber Council (BSLC) and Southeastern Lumber Manufacturers Association (SLMA) today announced their strong support for the “Timber Innovation Act”, according to an American Wood Council release Monday. US “Timber Innovation Act” “Advancing the construction of tall wood buildings will help lower the cost of…
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US Lumber Groups Support Timber Innovation Act
Read more: US Lumber Groups Support Timber Innovation ActThe American Wood Council (AWC), American Forest Foundation (AFF), Binational Softwood Lumber Council (BSLC) and Southeastern Lumber Manufacturers Association (SLMA) today announced their strong support for the “Timber Innovation Act”, according to an American Wood Council release Monday. US “Timber Innovation Act” “Advancing the construction of tall wood buildings will help lower the cost of…
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Canada Sawmill Production: February 2016
Read more: Canada Sawmill Production: February 2016Lumber production by Canadian sawmills in February increased 1.8 per cent from January, to 5,627.9 thousand cubic metres, according to new data released by Statistics Canada Friday. Compared with February 2015, lumber production rose 12.4 per cent. Sawmills shipped 5,570.7 thousand cubic metres of lumber in February, up 5 per cent from January. Shipments rose…
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Export Development Canada Reduces Forecast
Read more: Export Development Canada Reduces ForecastExport Development Canada has slashed its forecast of goods exports this year to 2 per cent, down from a previous estimate of 7 per cent. While natural resources continue to struggle under lower prices and sluggish demand, double-digit growth in consumer goods, automotive, and aerospace sec– tors will drive Canada’s overall exports to grow by…
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Conifex, Dunkley Sign
Read more: Conifex, Dunkley SignConifex Timber, out of Vancouver, BC, signed a cooperation agreement on timber harvesting activities in the Mackenzie Timber Supply Area with Hixon, BC, sawmilling company Dunkley Lumber on 12 April, Conifex announced Friday. According to the terms of the agreement, Dunkley acquires 50 per cent of the shares in an undisclosed subsidiary of Conifex at…
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Interfor, Domtar, Norbord Report: 1Q 2016
Read more: Interfor, Domtar, Norbord Report: 1Q 2016Interfor, out of Vancouver, BC, recorded adjusted EBITDA of $33.4 million on sales of $433.9 million in 1Q 2016 compared to $35.8 million on sales of $411.4 million in 4Q 2015, the company announced Thursday. Net earnings were $0.8 million, or $0.01 per share, compared with net losses of $3.5 million, or $0.05 per share,…
